Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes

Uniqlo plans to accelerate store openings in India, especially in the southern states, as the Japanese apparel maker seeks faster growth and greater market share by targeting more affluent shoppers in the world’s most-populous country.

“There’s big space for us to grow in this market,” Kenji Inoue, chief operating officer and chief financial officer of Uniqlo India Pvt., said in an interview. There’s potential to expand its market share by tenfold, as India is recognized to be “an extremely important market for our group,” he said. Uniqlo parent Fast Retailing Co. has a current market share of less than 2% in India.